Federal Bank cuts base rate by 25 bps

Federal Bank cuts base rate by 25 bps.

Private sector lender Federal Bank on February 21 reduced its base rate by 25 basis points to 10.20 per cent. The revised rates will be effective from today.

“It will benefit all customer segments of the bank including retail, SME and large corporates as the rates will come down by 25 bps for all customers with loans at rates linked to base rate, the bank said in a statement.

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